Russian diamond producer Alrosa and the government of Armenia signed
in August 2007 a diamond polishing cooperation agreement. The
agreement was signed by Alrosa president Sergey Vybornov and Armenia's
Trade and Economic Development Minister Nerses Yeritsyan.

`Russian diamonds will be brought to us for cutting for the first time
in three years, and this has become possible thanks to efforts of the
intergovernmental commission on Russian-Armenian economic cooperation
and the policy of the ALROSA firm,' Abramyan said.

In December, a team of Alrosa experts has conducted a study of 20
diamond cutting enterprises and four were selected to receive rough
supplies. At the time Alrosa reported that it has already sold rough
diamonds to two of the diamond cutting factories.

Abramyan, an Armenian Parliament deputy, owns the Diamond Company of
Armenia (DCA).